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The Winner at The 19th Indonesia Capital Market Student Studies (ICMSS), Indonesia

Written by Tanadol Sirichantakul, BBA #27
It happened around mid-October when we decided to fully commit to exploring new knowledge, searching tons of researches, and brainstorming through financial perspectives – we decided to compete in the ICMSS (Indonesia Capital Market Student Studies). In a blink of an eye, on February 19th, a team consisting of one accounting and two finance students was showcasing their recommendations for valuating ROBINS:TH on the stage representing Thammasat University. The journey ended with a happy ending by bringing back the Champion Trophy. It was truly a blessing.
ICMSS or Indonesia Capital Market Student Studies is the biggest and the oldest international capital market event held by students from University of Indonesia. The competition is regarded as part of the event as International Equity Research Conference. Contenders are asked to analyze the given stock from various indices and compose a report to recommend on what action investors should execute. The competition requires not only financial valuation skills and in-depth researches, but also critical thinking skills in order to come up with investment thesis. Indeed, for three second-year students, the tasks seemed impossible. We had to acquire financial knowledge on our own, look up lessons on the internet and past CFA papers. Luckily, with the help from Dr. Worapong Janyangyuen and several BBA seniors (Bhan Janejarassakul, Napat Inseeyong, etc.), we managed to bring the trophy back to BBA Thammasat.

Speaking of the final presentation at Indonesia, the experience we got from the competition week was priceless. We made a lot of connections with our ASEAN friends during the time there. We shared discussions on our cultural differences, the political situations in each country and also perspectives on financial markets. The organizing committee welcomed us with the utmost hospitality. The culture, the food, and the people were so amazing. We even got a chance to visit the stock exchange of Indonesia. We really had a good time there - not to mention the extraordinary opportunity to get exposed to the financial world.
Lastly, the journey would never happened without the wonderful teammates. Even though we are only sophomores without any prior expertise on the financial markets, we did our best and were able to deliver what we are passionate about. I would like to address a special thank to Nichakorn Sayamipakdi and Ornicha Piriyasanguanpong on their determinations and efforts put on the competition. The past five months are one of my most beautiful memories I have experienced with competing in a competition so far. The results have confirmed our ambitions, yet, the experience we got from this event is far beyond what sophomores could ever ask for.
Posted on March 8, 2020